My fellow retards,
In the wake of the previous post about crypto artwork, phon/ongod imagined what would be the most incredible performance art the world has ever seen. Not to say this would happen…The coordination and trust could only be gamed by the kind of fanatical devotion you’d expect to find in some boondock, inbred religious cult—not at the cutting edge of technology, but it is fun to imagine…
In the early days of bitcoin, much of the rhetoric was fuck the bankers. Fuck the fed. Fuck governments. Fuck fiat. Etc.
Around the time of Pomp’s rise, there was an important shift in the zeitgeist.
The early bitcoin devs were building a separate system. Satoshi hated what the bankers did in 2008. He did not trust them to be anything other than parasitic. He wanted a system that would serve all mankind, not a cadre of “elites”.
Somewhere along the way, the bitcoin hivemind either lost its way or was corrupted. It no longer wanted to defeat the banks. By the time BTC broke into the mainstream, most maxis longed for the banksters embrace, like a talented child with abandonment issues and no self-esteem.
People who got into bitcoin early were drawn in for ideological reasons more than to make money. All the crypto bros coming in now see numbergoup so they start touting some moronic NFT dick-pic platform as the future. These people are a cesspool. Phon/ongod prays for a return to the early days, when separate systems were being build for mankind because the current systems were untenable.
Back to the most epic rug—assume the coordination details have been solved, and in a way that doesn’t leak the details to globohomo.
It would go something like this: In the course of an ordinary update, bitcoin devs would introduce a simple code change—a consensus change such that after a certain blockheight all utxo transactions would not go to the recipient, but rather would be routed to the 0x000 address. Ideally, they would complicate and obfuscate this feature.
Banksters don’t review code. They don’t care about bitcoin. They care about making money—easy money on the backs of devs who have added value to the system out of their own vision and virtue.
The devs would coordinate and dump all of their bitcoin the day before the block height change goes into effect. They would then launch a new proof of work chain and agree to only work on that system. From the start it would have have all of the upgrades that bitcoin has created throughout the years, plus it would have no technical debt and no banker money.
If the bankers wanted exposure to this new system they could buy in like anyone else.
Is this more dream than meme? Yes, but it is a joy to imagine. ”BTC devs rugpull legacy banking cartel” would make one hell of a headline.
Explore your dreams at the official phonon DAO discord.
Tips to phonongod.eth will be invested in bounties that advance the Phonon project.
Hatemail to phonongod@protonmail.com will be scathingly considered.
Targets for the marketcap of PHONON DAO remain:
$1b by Q2 2022, $12b by EOY.
On the high end, $300b marketcap in 3 years.